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.Management Sciences
A. With a large enough computer, central planners could guide production more efficiently than markets.
B. Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare
C. The strength of a market system is that it tends to distribute resources evenly across consumers.
D. Taxes help prices communicate costs and benefits to producers and consumers.
Related Mcqs:
- The total demand for goods and services in an economy is known as_____________?
- A. gross national product. B. national demand. C. economy-wide demand D. aggregate demand...
- In a free market?
- A. government intervenes B. government plan production C. government interferes D. Prices adjust to reconcile scarcity and desires...
- Inflation is___________________?
- A. a decrease in the overall price level. B. an increase in the overall price level. C. an increase in the overall level of economic activity. D. a decrease in the overall level of economics activity...
- Unemployment means that ?
- A. there is excess demand in the labour market B. there are some people who will not work at the going wage rate. C. people are not willing to work at the going wage rate. D. at the going wage rate, there are people who want to work but cannot find work....
- In the mixed economy________________?
- A. economics problems are solved by the government and market B. economic decisions are made by the private sector and free market C. economic allocation is achieved by the invisible hand D. economics s is solved by government departments...
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